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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A corporate officer is sued personally for acts outside the scope of corporate authority. The officer says Section 4(c)’s inclusion of authorized official-act claims categorically prohibits every personal-capacity suit. Which is correct?

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Every personal-capacity claim is forbidden The officer automatically becomes the rehabilitation receiver The proviso expressly preserves cases against directors and officers acting in their personal capacities The corporate petition extinguishes all personal obligations

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